Fabtech Technologies Limited has appointed Ms. Rupal Dhiren Haria and Ms. Bharti Khanna as Non-Executive Independent Directors following a postal ballot process. The resolutions were passed with the requisite majority on June 30, 2026, after receiving overwhelming support from shareholders. This governance move strengthens the company's board structure with the addition of two independent members.

The postal ballot notice was dated May 25, 2026, and remote e-voting commenced on June 1, 2026. The process was scrutinized by CS Rachana Shanbhag, Partner of M/s. D.A Kamat & Co., Company Secretaries. The record date for determining eligibility was May 22, 2026, and the e-voting period concluded on June 30, 2026.

Voting Results

Both resolutions were classified as Special Resolutions. The first resolution, regarding the appointment of Ms. Rupal Dhiren Haria (DIN: 10624643), received 30,671,356 votes in favour and 671 votes against. The second resolution, for the appointment of Ms. Bharti Khanna (DIN: 05147844), received 30,671,134 votes in favour and 818 votes against.

Detailed Voting Breakdown

The Promoter and Promoter Group cast 30,644,812 votes in favour for both resolutions, with zero votes against. Public Institutions and Public Non-Institutions also participated, with the majority of votes cast in favour of the appointments. The total number of valid votes polled for the first resolution was 30,672,027, while the second resolution saw 30,671,952 valid votes.

The results were declared based on the report submitted by the scrutinizer. The voting results and the scrutinizer's report are available on the company's website and the NSDL e-voting portal.

Fabtech Technologies has approved investments totaling up to ₹26.49 crore in two wholly-owned subsidiaries to strengthen its market position and expand business operations. The Board of Directors, at its meeting held on June 25, 2026, sanctioned the infusion of funds into Fabtech Technologies LLC and FT Institutions Private Limited. Additionally, the board reconstituted key committees following the completion of an independent director's tenure and approved an increase in borrowing limits within statutory provisions.

Investments in Subsidiaries

Based on the Audit Committee's recommendation, the board approved an investment of additional funds in Fabtech Technologies LLC by way of Overseas Direct Investment. The cost of acquisition is up to ₹24 crore, with the investment expected to be completed within one year. The subsidiary, incorporated in Sharjah on December 26, 2023, reported a net loss of AED 1,19,226 and a negative net worth of AED 79,325 as of March 31, 2026.

The board also approved an investment of ₹2.49 crore in the equity shares of FT Institutions Private Limited. This investment is expected to be completed within one month. For the year ended March 31, 2026, the subsidiary reported a turnover of ₹1,261.56 lakh and a net profit of ₹37.82 lakh.

Committee Reconstitution

The board noted the completion of Mr. Shyam Nagorao Khante's tenure as a Non-Executive, Independent Director effective from the end of business hours on June 25, 2026. Consequently, the board approved the reconstitution of the Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee effective June 26, 2026.

Audit Committee

Nomination and Remuneration Committee

Corporate Social Responsibility Committee

Borrowing Limits

The board also approved an increase in the borrowing limits of the company. The proposed limits remain within the overall limits prescribed under Section 180(1)(c) of the Companies Act, 2013, and therefore do not require further shareholder approval.